return icon Vietnamnet.vn

Rice exporters urged to utilise FTAs to boost declining shipments

Vietnamese rice exporters have been urged to play a more active role in utilising free trade agreements (FTAs) to which Vietnam is a party to boost falling exports.

{keywords}

 

The country exported 1.1 million tonnes of rice for 606 million USD in the first quarter of the year, down 30.4 percent and 17.4 percent, respectively, against the same period last year, according to the Ministry of Agriculture and Rural Development.

The two largest buyers of Vietnamese rice in the reviewed period remained China and the Philippines.

Despite the fall in volume, rice export prices jumped from January to March on account of high demand for food reserves around the world, said Tran Quoc Toan, Deputy Director of the Ministry of Industry and Trade (MoIT)’s Agency of Foreign Trade.

By the end of March, Vietnam’s rice price remained at a high of 547 USD per tonne, up 18.6 percent, or 86 USD, compared to a year earlier.

Rice exporters have been increasingly focusing on improving quality and traceability to meet the strict standards of markets such as the EU, the Republic of Korea (RoK), and the US, Toan said.

Vietnam has entered into various FTAs with strategic countries and regions, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA), and, more recently, the Regional Comprehensive Economic Partnership (RCEP) and the UK-Vietnam Free Trade Agreement (UKVFTA).

He said that in order to utilise FTAs and boost the global market share of Vietnamese rice at more competitive prices, the ministry will continue to coordinate with ministries, branches, and the Vietnam Food Association to help businesses effectively implement deals and make the most of markets such as the RoK and the EU.

The MoIT will adopt mechanisms and policies to remove technical and trade barriers, internalise international commitments, customs procedures, logistics, and credit, and focus on branding to create a foundation for rice exporters to exploit foreign markets, Toan said.

He also urged rice exporters and farmers to be more active in improving product competitiveness in terms of quality and price as well as building and protecting Vietnamese trademarks, so as to diversify markets and promote sustainable exports.

 

VNA

It needs objective remarks for rice export decline

It needs objective remarks for rice export decline

There are different remarks over the good harvest and export prices of rice in the Mekong Delta but the strong decline in rice export volume.

 

MORE NEWS

VIETNAM BUSINESS NEWS OCTOBER 4

Hai Phong lures more than 1.24 billion USD in first nine months

Vietnam rakes in US$16.05 billion from tourism in nine months

Vietnam earned some 394.2 trillion VND (16.05 billion USD) from tourism in the first nine months of this year, equivalent to 78% of the figure recorded in 2019 before the COVID-19 pandemic broke out.

VIETNAM NEWS HEADLINES OCTOBER 4

Vietnam invests in 10 energy technologies

Vietnamese poetry collection published in Canada

A poetry collection from five female translators based in Hanoi, entitled Ngũ Sắc Ánh Sáng (5 Sights of Light), has been introduced to Canadian readers by Ukiyoto Publishing.

Multi-billion thermal power project needs more capital

The Ministry of Industry and Trade (MOIT) has asked for ministries' opinions on solutions to problems related to the balance sheet of the Vung Ang 1 thermal-power plant.

The best September photos on VietNamNet

Hot air balloons with the Vietnamese national flag of 1,800m2 on the banks of the Saigon River, Typhoon Noru making landfall in Quang Nam Province, the roofs of many houses being blown away...

BSR to expand Dung Quat Oil Refinery

The Ministry of Industry and Trade (MOIT) has asked Binh Son Refining and Petrochemical JSC (BSR) to clarify some issues related to its project on expanding Dung Quat Oil Refinery.

Dutch conductor to lead concert at Opera House

Conductor Leon Bosch from the Netherlands will lead a concert featuring masterpieces by European composers at the HCM City Opera House on Saturday, October 8.

‘578’ to represent Vietnam at Oscars

An action film starring Miss Universe Vietnam 2018, H'hen Niê, 578: Phát Đạn Của Kẻ Điên (578: Magnum), has been selected as Vietnamese representative at the 95th Oscars, 2023.

USD surges to VND24,000, US$1.7 billion withdrawn from circulation

The State Bank of Vietnam (SBV) withdrew nearly VND41 trillion ($1.7 billion) through open market operations as the US dollar rose to over VND24,000 on September 26-30, 2022.

HCM City to build a series of new traffic projects

HCM City is speeding up procedures to start the construction of key traffic works at gateways by the end of the year, according to HCM City's Department of Transport.

Burning garbage in Hanoi threatens residents' health, property

There have been consecutive fires caused by people's poor awareness, who were burning garbage and straw in residential areas, causing fires recently in Hanoi.

New cargo airline still waiting for license

After the Prime Minister agrees on the establishment of IPP Air Cargo, the Ministry of Transport (MOT) will implement procedures to grant a license to the air carrier, according to MOT Deputy Minister Le Dinh Tho.

Master plan for Mekong Delta focuses on infrastructure development

The Master Plan for the Mekong Delta designed for 2021-2030, with a vision to 2050, is focused on infrastructure development.

Current monetary policy quite suitable

Many people are concerned whether the country will face a tighter monetary policy and higher exchange and interest rates in the near future.
back_to_top